Palm Beach-based Margaritaville Holdings and Destin-based Premier Development Group plan to develop a resort hotel in Panama City Beach called Margaritaville Beach Resort.
John Cohlan, CEO of Margaritaville Holdings, said his firm and Premier Development hope to finish construction of Margaritaville Beach Resort by the spring of 2021.
The developers plan to build a full-service hotel and a two-acre, water-themed park on a 13-acre site near the intersection of Hutchinson Boulevard and Front Beach Road in Panama City Beach.
Margaritaville Holdings and Premier Development did not release the number of rooms or other details of the planned hotel. The two-acre park would have several swimming pools, private cabanas, a “lazy river” ride, and a children’s splash area.
The planned Margaritaville Beach Resort development is pending city approval, according to Charles Silky, senior planner for Panama City Beach.
In May, Margaritaville Holdings, St. Joe Company and Minto Communities announced plans to develop Latitude Margaritaville Watersound, a 55-and-older residential development near Panama City Beach. [Panama City News Herald] – Mike Seemuth